PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1646371
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1646371
Global Lithium-Ion Battery Solvent Market Size Study by Type (Ethylene Carbonate, Propylene Carbonate), by End Use (EV, Consumer Electronics, Energy Storage), and Regional Forecasts 2022-2032
The Global Lithium-Ion Battery Solvent Market, valued at approximately USD 0.45 billion in 2023, is set to witness a transformative growth trajectory, reaching an estimated USD 2.01 billion by 2032, with a remarkable compound annual growth rate (CAGR) of 18.1% over the forecast period. Lithium-ion battery solvents play a pivotal role in enhancing the efficiency and longevity of batteries, driving advancements in key sectors such as electric vehicles (EVs), consumer electronics, and energy storage systems.
The increasing adoption of EVs, fueled by global environmental sustainability goals and supportive government policies, has exponentially boosted the demand for high-performance lithium-ion batteries. Solvents such as ethylene carbonate and propylene carbonate are indispensable in ensuring optimal battery performance, offering superior chemical stability and conductivity. However, challenges including stringent environmental regulations and fluctuating raw material prices pose potential roadblocks to market expansion. Nonetheless, continuous innovations in solvent chemistry and the integration of renewable energy storage solutions present significant growth opportunities.
North America and Europe dominate the market landscape due to extensive adoption of EVs and robust investments in renewable energy. The Asia-Pacific region is poised to register the fastest growth, underpinned by rapid industrialization, expanding energy storage needs, and a flourishing electronics industry in countries such as China, India, and Japan. Latin America and the Middle East & Africa are also witnessing growth, driven by infrastructure development and energy diversification initiatives.
The competitive landscape is characterized by significant R&D investments, strategic collaborations, and a focus on sustainable production practices. Major market players are committed to addressing evolving industry demands through innovative and eco-friendly solvent solutions.
Major market players included in this report are:
- BASF SE
- Mitsubishi Chemical Corporation
- Ube Industries, Ltd.
- Asahi Kasei Corporation
- Kureha Corporation
- Shandong Shida Shenghua Chemical Group Co., Ltd.
- Huntsman Corporation
- LG Chem
- Shenzhen Capchem Technology Co., Ltd.
- Daicel Corporation
- Guangzhou Tinci Materials Technology Co., Ltd.
- Arkema S.A.
- Lotte Chemical Corporation
- Solvay S.A.
- Samsung SDI
The detailed segments and sub-segments of the market are explained below:
By Type:
- Ethylene Carbonate
- Propylene Carbonate
By End Use:
- EV
- Consumer Electronics
- Energy Storage
By Region:
North America:
- U.S.
- Canada
Europe:
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific:
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America:
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa:
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional-level analysis for each market segment.
- Detailed analysis of the geographical landscape with country-level insights.
- Competitive landscape with information on major players.
- Analysis of key business strategies and future market opportunities.
- Comprehensive demand-side and supply-side insights.
Table of Contents
Chapter 1. Global Lithium-Ion Battery Solvent Market Executive Summary
- 1.1. Global Lithium-Ion Battery Solvent Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By End Use
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Lithium-Ion Battery Solvent Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Lithium-Ion Battery Solvent Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Adoption of Electric Vehicles (EVs)
- 3.1.2. Growth in Consumer Electronics Demand
- 3.1.3. Expansion of Energy Storage Systems
- 3.2. Market Challenges
- 3.2.1. Stringent Environmental Regulations
- 3.2.2. Fluctuating Raw Material Prices
- 3.3. Market Opportunities
- 3.3.1. Continuous Innovations in Solvent Chemistry
- 3.3.2. Integration of Renewable Energy Storage Solutions
- 3.3.3. Expansion into Emerging Markets
Chapter 4. Global Lithium-Ion Battery Solvent Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Lithium-Ion Battery Solvent Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Lithium-Ion Battery Solvent Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Ethylene Carbonate
- 5.2.2. Propylene Carbonate
Chapter 6. Global Lithium-Ion Battery Solvent Market Size & Forecasts by End Use 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Lithium-Ion Battery Solvent Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. EV
- 6.2.2. Consumer Electronics
- 6.2.3. Energy Storage
Chapter 7. Global Lithium-Ion Battery Solvent Market Size & Forecasts by Region 2022-2032
- 7.1. North America Lithium-Ion Battery Solvent Market
- 7.1.1. U.S. Lithium-Ion Battery Solvent Market
- 7.1.1.1. End Use Application Breakdown Size & Forecasts, 2022-2032
- 7.1.1.2. Type Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Lithium-Ion Battery Solvent Market
- 7.1.1. U.S. Lithium-Ion Battery Solvent Market
- 7.2. Europe Lithium-Ion Battery Solvent Market
- 7.2.1. UK Lithium-Ion Battery Solvent Market
- 7.2.2. Germany Lithium-Ion Battery Solvent Market
- 7.2.3. France Lithium-Ion Battery Solvent Market
- 7.2.4. Spain Lithium-Ion Battery Solvent Market
- 7.2.5. Italy Lithium-Ion Battery Solvent Market
- 7.2.6. Rest of Europe Lithium-Ion Battery Solvent Market
- 7.3. Asia-Pacific Lithium-Ion Battery Solvent Market
- 7.3.1. China Lithium-Ion Battery Solvent Market
- 7.3.2. India Lithium-Ion Battery Solvent Market
- 7.3.3. Japan Lithium-Ion Battery Solvent Market
- 7.3.4. Australia Lithium-Ion Battery Solvent Market
- 7.3.5. South Korea Lithium-Ion Battery Solvent Market
- 7.3.6. Rest of Asia-Pacific Lithium-Ion Battery Solvent Market
- 7.4. Latin America Lithium-Ion Battery Solvent Market
- 7.4.1. Brazil Lithium-Ion Battery Solvent Market
- 7.4.2. Mexico Lithium-Ion Battery Solvent Market
- 7.4.3. Rest of Latin America Lithium-Ion Battery Solvent Market
- 7.5. Middle East & Africa Lithium-Ion Battery Solvent Market
- 7.5.1. Saudi Arabia Lithium-Ion Battery Solvent Market
- 7.5.2. South Africa Lithium-Ion Battery Solvent Market
- 7.5.3. Rest of Middle East & Africa Lithium-Ion Battery Solvent Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Mitsubishi Chemical Corporation
- 8.1.3. Ube Industries, Ltd.
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. BASF SE
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Mitsubishi Chemical Corporation
- 8.3.3. Ube Industries, Ltd.
- 8.3.4. Asahi Kasei Corporation
- 8.3.5. Kureha Corporation
- 8.3.6. Shandong Shida Shenghua Chemical Group Co., Ltd.
- 8.3.7. Huntsman Corporation
- 8.3.8. LG Chem
- 8.3.9. Shenzhen Capchem Technology Co., Ltd.
- 8.3.10. Daicel Corporation
- 8.3.11. Guangzhou Tinci Materials Technology Co., Ltd.
- 8.3.12. Arkema S.A.
- 8.3.13. Lotte Chemical Corporation
- 8.3.14. Solvay S.A.
- 8.3.15. Samsung SDI
- 8.3.1. BASF SE
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
